Money Explained...

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Money Explained...

Postby Screw » Sun Oct 15, 2017 7:27 pm

Screw
 
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Re: Money Explained...

Postby Sam I Am » Sun Nov 05, 2017 2:01 am

Thank you for sharing this analysis Screw.

I think that the primary conclusion to be drawn from this is that the reason that QE funds were distributed as they were was specifically to enrich those that benefited.

"It's a big club and you ain't in it."

George Carlin, rest in peace. :)

https://www.bing.com/videos/search?q=ge ... ORM=VRDGAR
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Re: Money Explained...

Postby Jimmy » Sun Nov 05, 2017 7:20 pm

Its plausible, but ultimately faulty analysis. And it's not new. I came over all nostalgic, and half expected to see Bruce Beetham in a crimpolene suit at the wheel of a Skoda.

They are presenting fractional reserve banking as if it's some sort of revelation, whereas the mechanisms they are describing should be well known to any undergraduate student for most of the last century. If banks could create infinite money out of thin air and charge people for it then money would be worthless, no bank would ever go bust or have to compete for deposits by paying depositors interest. But it isn't, and they do.

A good commentary can be found here: http://www.cobdencentre.org/2013/02/incredible-confusions-part-1-positive-money/
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